Like most title insurance crimes, it seems that the risk of getting caught would be too great to make it worth the effort. The paper trial would to too large to every hide and eventually it is going to lead straight back to the crooks.

It really makes you wonder... if someone thought they could do enough "phony business" to make this profitable, why not just do it right and issue real policies and remit the premiums. The typical split is proabably around 80/20. It just seems foolish to take a risk like that to make an extra 20%!

But, I guess criminals just don't have enough common sense to realize that.